Molluscicides Market Outlook
Molluscicides Market reached a value of USD 0.5 billion in 2022 and is expected to reach USD 1.06 billion by 2032. This translates to a promising compound annual growth rate (CAGR) of 8.69% over the forecast period (2023-2032).
- Rising Threat from Molluscs: Snails and slugs are voracious pests that can devastate crops, particularly high-value horticultural crops. As these pests become more prevalent, the demand for effective control methods like molluscicides increases.
- Growth in Agribusiness: The agricultural sector, especially in developing countries, is experiencing significant growth. This expansion is accompanied by an increased focus on protecting crops from pests and diseases. Molluscicides offer a valuable tool for farmers to safeguard their yields and ensure food security.
Molluscicides are chemical substances specifically designed to control or eradicate mollusks, which are a diverse group of invertebrates including snails and slugs. These creatures can be major agricultural pests, damaging crops and causing economic losses. Molluscicides are used in various industries, including agriculture, gardening, horticulture, and aquaculture, to protect plants and crops from mollusk infestations.
Segment Analysis
The global Molluscicides Market has been segmented based Type, Form, and Crop Type.
The Molluscicides market segmentation, based on Type, includes Chemical Metaldehyde, Methiocarb, Ferric Phosphate, Biological, and Others. Chemical metaldehyde segment dominated the market in 2022. The market for chemical molluscicides is expanding as a result of the growing use of agrochemicals in high-value horticultural crops. Chemical molluscicides are readily available, reasonably priced, and exported to many parts of the world. These elements considerably contribute to the widespread high demand for chemical molluscicides.
The Molluscicides market segmentation, based on Form, includes Dry and Liquid. Dry segment dominated the Molluscicides market in 2022. Due to their convenience in handling, dry form now has a bigger market share than liquid and gel form. The most popular and reliable method for slug and snail control is pelleting. The chemical composition of pellets, particularly the presence of components that attract slugs, and their longevity under field settings determine how successful they are.
The Molluscicides market segmentation, based on Crop Type, includes Vegetables & Fruits, Cereals & Grains, Oilseeds & Pulses, Ornaments and Turf, and Others. Cereals & grains segment dominated the market in 2022. This is a result of more products being used to protect crops from harm and boost output. As a result, the market has seen a rise in product demand due to the effective application in cereal and grains.
Regional Analysis
The global Molluscicides Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Molluscicides market dominated this market in 2022 (45.80%). This is because the golden apple snail was introduced to Asian rice fields. The market for molluscicides in this region is also predicted to develop as contemporary agricultural practises, such as integrated pest management, are being adopted. Moreover, China’s Molluscicides market held the largest market share, and the Indian Molluscicides market was the fastest growing market in the Asia-Pacific region. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
The North America Molluscicides Market accounted for the healthy market share in 2022. This is a result of the rising demand for foods including fruits, vegetables, cereals, and other grains. A sizeable portion of the population works in agriculture in the area, which also produces some of the main cereal crops. Further, the U.S. Molluscicides market held the largest market share, and the Canada Molluscicides market was the fastest growing market in the North America region.
Europe Molluscicides market is expected to register significant growth from 2023 to 2032. This is a result of increased horticulture crop production of high value. The need for molluscicides has also increased due to the favourable environment for mollusk growth, which is expected to fuel the expansion of the worldwide molluscicides market in this area. Further, the German Molluscicides market held the largest market share, and the U.K Molluscicides market was the fastest growing market in the European region
MRFR recognizes the following companies as the key players in the global Molluscicides Market — Lonza Group AG, Bayer Cropscience AG, BASF SE, ADAMA Agricultural Solutions, Marrone Bio Innovations, American Vanguard Corporation, De Sangosse Ltd, W. Neudorff GmbH KG, Doff Portland Ltd, Certis Europe, Syngenta AG, PI Industries Ltd., Amvac Chemical Corporation, Chiltern Farm Chemicals Ltd., and Westland Horticulture Ltd.
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